SOURCE: China Crescent Enterprises, Inc.

China Crescent Enterprises, Inc.

February 04, 2010 11:39 ET

China Crescent Enterprises, Inc. Features $100 Million Contract Pipeline and Wi-Fi ODM Contract Anticipated in 1st Quarter 2010 in Strategic Update Webcast

DALLAS, TX--(Marketwire - February 4, 2010) - China Crescent Enterprises, Inc. (OTCBB: CCTR) today released a 2010 Strategic Update Webcast. The Webcast features the Company's new original design manufacturing (ODM) business established in the fourth quarter of 2009 through a strategic acquisition. The ODM operation specializes in the design of custom Wi-Fi products and is anticipated to sign over $100 million in contracts for the Asian market within the first quarter of 2010. The average term of the anticipated contracts is three years and the revenue from the contracts would be recognized over the course of the average three-year term. The proprietary technology of NuMobile, Inc. (OTCBB: NUBL), a China Crescent technology partner, would provide an integral component in the anticipated contracts.

The Webcast is introduced by Ret. Major General Hugh Robinson, the Company's newest board member, and additionally includes a review of the following:

--  Newly Appointed CEO Dr. James Jiang
--  The Company's  historical performance
--  Outsourcing Services and original design manufacturing (ODM)
--  $85 million profitable 2010 revenue forecast and $100 million revenue
    potential for 2010 based on China Crescent's current sales pipeline,
    recent outsourcing services success and recent acquisition
--  Recent  theStreet.com analyst report
--  2010 Virtual Town Hall  (http://chinacrescent.com/townhall2010.htm)

A link to the Webcast titled 'China Crescent 2010 Strategic Update Webcast' is now available under Recent Webcasts on the corporate website at www.chinacrescent.com, and a direct link is available here: http://www.chinacrescent.com/wcdh_20100204.htm.

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About China Crescent Enterprises, Inc. (www.chinacrescent.com)

China Crescent is a systems integration service provider that markets technology outsourcing services in China including the sale and service of brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell. Following a recent strategic acquisition, the Company has expanded its business line to include original design manufacturing (ODM). China Crescent reported over $40 million in profitable revenue in 2008. The Company has reported record profits through the first 9 months of 2009 and anticipates reporting record profit in the 2009 annual report. Management has set a goal of reaching $100 million in revenue in 2010.

Headquartered in Dallas with operations in Shanghai, Shenzhen, Dalian and Beijing, China Crescent bridges the gap between global business cultures to assist clients worldwide realize the advantages of the high quality, low cost technology products and services available from China. China Crescent also assists clients in localizing products and services to realize the tremendous growth potential available by expanding into the Chinese Market.

"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause China Crescent's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.

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